E. Ohman J or Asset Management AB Has $1.47 Million Stake in Republic Services, Inc. $RSG

E. Ohman J or Asset Management AB cut its position in shares of Republic Services, Inc. (NYSE:RSG) by 25.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,929 shares of the business services provider’s stock after selling 2,421 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Republic Services were worth $1,468,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of RSG. Norges Bank acquired a new position in Republic Services during the 2nd quarter worth approximately $690,313,000. Bessemer Group Inc. raised its holdings in shares of Republic Services by 7,683.2% in the third quarter. Bessemer Group Inc. now owns 739,792 shares of the business services provider’s stock valued at $169,768,000 after purchasing an additional 730,287 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Republic Services by 1,337.9% in the fourth quarter. SG Americas Securities LLC now owns 575,637 shares of the business services provider’s stock worth $121,995,000 after purchasing an additional 535,603 shares in the last quarter. Man Group plc boosted its holdings in Republic Services by 380.1% during the third quarter. Man Group plc now owns 667,603 shares of the business services provider’s stock worth $153,202,000 after purchasing an additional 528,540 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in Republic Services by 93.3% in the third quarter. BNP Paribas Financial Markets now owns 907,735 shares of the business services provider’s stock valued at $208,307,000 after purchasing an additional 438,219 shares in the last quarter. Institutional investors own 57.73% of the company’s stock.

Republic Services Stock Down 0.6%

RSG opened at $215.38 on Wednesday. The stock has a fifty day moving average of $220.75 and a 200-day moving average of $218.42. The company has a market capitalization of $66.51 billion, a P/E ratio of 31.44, a P/E/G ratio of 3.59 and a beta of 0.54. Republic Services, Inc. has a fifty-two week low of $201.42 and a fifty-two week high of $258.75. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.64 and a current ratio of 0.64.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Tuesday, February 17th. The business services provider reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.14. The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.21 billion. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. Republic Services’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the firm earned $1.58 earnings per share. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. On average, equities analysts expect that Republic Services, Inc. will post 6.86 EPS for the current year.

Republic Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd will be given a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, April 2nd. Republic Services’s payout ratio is presently 36.79%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Republic Services in a research note on Monday, December 29th. Wells Fargo & Company raised their price objective on Republic Services from $238.00 to $252.00 and gave the company an “overweight” rating in a report on Wednesday, March 18th. Bank of America dropped their target price on Republic Services from $271.00 to $241.00 and set a “buy” rating on the stock in a report on Monday, December 22nd. Citigroup increased their price target on Republic Services from $244.00 to $253.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Finally, Wolfe Research started coverage on Republic Services in a research report on Friday, March 13th. They set a “peer perform” rating on the stock. Thirteen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $246.40.

About Republic Services

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.